OCP Green Water Raises $620M Financing for Desalination Expansion

OCP Green Water (OGW), a subsidiary of the OCP Group dedicated to the production of non-conventional water, has secured 6 billion dirhams (620 million USD) in financing with the assistance of the Caisse de Dépôt et de Gestion (CDG) Group. The fundraising, arranged by CDG Capital, was carried out through a private placement with qualified institutional investors and was approved by the Moroccan Capital Market Authority (AMMC), with the objective of supporting the expansion of OCP Group’s desalination capacities.

This investment aligns with OCP Group’s sustainability goals and commitment to industrial efficiency. By 2030, OGW aims to achieve an annual desalinated water production capacity of 630 million m³, meeting OCP Group’s entire non-conventional water needs as well as supplying nearby urban and agricultural areas.

By mobilizing financing through capital markets, OGW benefits from optimal conditions to drive its expansion and strengthen the Group’s autonomy in water supply.

This initiative also aligns with CDG Group’s commitment to enhancing Morocco’s water security and supporting national initiatives for responsible water management.

“This financing marks a key milestone in our sustainable water strategy. It reinforces our shared commitment with CDG Group to take concrete steps toward strengthening Morocco’s water resilience,” said Mr. Ahmed Znibar, CEO of OGW.

“Today’s financing is fully aligned with CDG Group’s strategy to support its institutional partners in mobilizing financing for the development of strategic national projects, with a particular focus on securing water supply and promoting the responsible management of resources,” said Mr. Mehdi Bouriss, CEO of CDG Capital.

---

Send us your press releases to shareyournews@lucidityinsights.com